Barrick RamonAraneda

7/30/2019 Barrick RamonAraneda

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BUILDING MINES, DELIVERING VALUE

SOUTH AMERICA OVERVIEW

&

THE LAGUNAS NORTE GOLD DEPOSIT,ALTO CHICAMA DISTRICT, NORTHERN PERU


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FORWARD LOOKING STATEMENT

Certain statements included herein, including those regarding production, costs, development schedules

and other statements that express managements expectations or estimates of our future performance,

constitute forward-looking statements within the meaning of the United States Private SecuritiesLitigation Reform Act of 1995. The words believe, expect, anticipate, contemplate, target,

plan, intends, continue, budget, estimate, may, will, schedule, and similar expressions

identify forward-looking statements. Forward-looking statements are necessarily based upon a number of

estimates and assumptions that, while considered reasonable by management are inherently subject to

significant business, economic and competitive uncertainties and contingencies. We caution you that such

forward-looking statements involve known and unknown risks, uncertainties and other factors that may

cause the actual financial results, performance or achievements of Barrick to be materially different from

our estimated future results, performance or achievements expressed or implied by those forward-looking

statements and our forward-looking statements are not guarantees of future performance. These risks,

uncertainties and other factors include, but are not limited to: changes in the worldwide price of gold or

certain other commodities (such as silver, copper, diesel fuel and electricity) and currencies; changes in

interest rates or gold lease rates that could impact realized prices under our forward sales program;

legislative, political or economic developments in the jurisdictions in which Barrick carries on business;

operating or technical difficulties in connection with mining or development activities; the speculative

nature of gold exploration and development, including the risks of diminishing quantities or grades of

reserves; and the risks involved in the exploration, development and mining business. These factors arediscussed in greater detail in Barricks most recent Form 40-F/Annual Information on file with the U.S.

Securities and Exchange Commission and Canadian provincial securities regulatory authorities.

Barrick expressly disclaims any intention or obligation to update or revise any forward-looking statements

whether as a result of new information, events or otherwise.


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SUMMMMARY GOLD MINERAL RESERVES

& RESOURCES, 2004

ABX Barrick SA

Gold 110 Moz 46 Moz

Silver 911 Moz 879 Moz


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PROEXPLO 2005

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Pascua-Lama

El Indio-Tambo

Veladero

Alto Chicama

Pierina

BARRI CKS MI NES & PROJECTS GOLD MI NERAL RESERVES

9.1 mil lion ounces

2.5 mil lion ounces

(after 5 Moz depleted)

17.6 million ounces

12.8 million ounces

(5.3 Moz depleted)


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Orebody occurs as 750m x 3000m t abular blanket t rending ~ 345,betw een ~ 4050 and 4350m elevat ion

Disseminated Au+ Ag mineralization associated w it h shallow-levelhigh-sulf idat ion alt erat ion similar t o Pierina, Alt o Chicama, Pascua

Ore is characterized by mult iple stages of brecciat ion, alt erat ion, andprecious metal m ineralization

Maj or cont rols on mineralization are fracture

int ensit y, porosit y, st ructural intersect ions,silicificat ion, and elevat ion

Veladero GeologyVeladero Geology


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Veladero ProjectVeladero Project

Locat ed in San Juan Province, Argent ina; 6kilomet ers f rom t he Pascua-Lama proj ect in t heFront era Dist r ict

Open-pit , valley-f i l l heap leach operat ion w it htw o-st age crushing, sim ilar t o Barr ick s Pierina

Mine

Merger w it h Homestake Mining Company inDecember 2001 gave Barr ick 100% of Veladero;

formerly a j oint venture ow ned 40% and 60% by

Barr ick and Homest ake, respect ively

Proven and probable gold reserves of 12.8 mil lion

ounces



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Act ivi t ies Underw ay

Const ruct ion at t he proj ect is about 80% complete as at Q1,2005

Placement of t he valley-f ill heap leach secondary liner is

complete and the primary l iner is 75% complete

Stacking of ore commenced in Q1, 2005Process plant st eel erect ion in about 85% complete

Product ion t argeted to comm ence in Q4, 2005

Dril l ing around t he mine sit e began in late 2004 w it h posit ive

result s at Guanaco Zonzo (approx. 5km from Veladero)

Const ruct ion Cost Est imat e Approximately $540mil l ion

Gold product ion is expected t o averageapproximat ely 700,000 ounces per year

at an average total cash cost of

about $200 per ounce(over t he first full t hree years)



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Part of t he 30-m ill ion-ounce Front era Dist rict st raddling t heborder of Chile and Argent ina

Barr ick plans t o develop Pascua-Lama as part of a uni f ieddist rict, st art ing w it h Veladero in 2005

Proven and probable gold reserves of 17.6 m ill ion ounces;

Silver contained w it hin report edgold reserves of 643 million ounces

Pascua-Lama Proj ectPascua-Lama Proj ect


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Pascua-Lama Proj ectPascua-Lama Proj ect

Act ivit ies underw ayReceived Board of Direct or approval for development in

July 2004

Aw aiting environment al approvals

Finalizing f iscal and t axat ion mat t ers

I mplement ing Protocol regime

Developing sustainable development communi t y programs

Expect t o receive approvals and f inalize other f iscal and

taxation mat t ers in lat e 2005

Expect t o begin t hree-year const ruct ion schedule in 2006

Product ion ant icipated for 2009

Const ruct ion cost est imate approx imat ely

$1.4-$1.5 bil l ion


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ALTO CHI CAMA PROJECTALTO CHI CAMA PROJECT

LAS LAGUNAS NORTELAS LAGUNAS NORTE


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LIMA

Trujillo

Pacific Ocean

Cajamarca

Arequipa

Huamachuco

HuarazPierina

Alt o Chicama

areaenlarged

Yanacocha

LOCATI ON


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N0 25 50

N0 25 50

Mioc

eneH

SbeltN

.Peru

Mioc

eneH

SbeltN

.Peru

YanacochaYanacocha

Alto ChicamaAlto Chicama

PierinaPierina

Trujillo

Cajamarca

Huamachuco

HuarazPierina

Alt o Chicama

Yanacocha

NYanacocha


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N0 25 50

Glacier

Yanacocha

Lakes

Quaternary undiff

Neogene intrusives

Paleogene -Neogene molasses

Paleogene-Neogene intrusives

Paleogene-Neogene volcanics

U-Cretaceous-Paleogene molasses

U-Cretaceous marine carbonates

U-Cretaceous marine siliciclasticsL-Cretaceous intrusives

L-Cretaceous marine carbonates

L-Cretaceous marine siliciclastics

Cretaceous-Paleogene intrusives

Cretaceous marine volcanics

Triassic-Jurassic marine limestones

Triassic-Jurassic continental siliciclastics

Triassic-Jurassic m arine siliciclastics

Precambrian and Paleozoic basement

Precam br i an andPaleozo ic Basem ent

CretaceousSed imen t s

Ter t i a ryVolcanics

Cord i l le ra

BlancaBa t ho l i t h

Coastal

Batholith

Pier ina

Al to Ch icam a

REGI ONAL GEOLOGY

NYanacocha


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N0 25 50

N or t he rn Pe ru

W ell k n ow n go l d be lt

Cenozo ic > 80 Moz > 6 0 M oz HS

> 23 Moz Au-Cup o r p h y r y

Paleozo ic > 6Moz

Pat az d is t r i c t

Pier ina

Al to Ch icam aAl to Ch icam a

Yanacocha

REGI ONAL GOLD ENDOW MENT


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DISTRICT GEOLOGY

Calipuy FmInca FmFarrat FmCarhuaz Fm

Chimu FmChicama Fm

MINERALIZATION TYPE

Epithermal Veins

High Sulfidation

Low Sulfidation

Polymetallic

Las LagunasNorte

9.1 Moz Au

DI STRI CT GEOLOGY


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C o a l

O v e r b u r d e nL a t e A n d e s i t i c T u f f a n d F l o w sL a t e A n d e s i t i c d o m e

S h u l c a h u a n g a F l o w s

S h u l c a h u a n g a D o m eE a r l y A n d e s i t i c F l o w s

E a r l y A n d e s i t i c D o m eA n d e s i t i c T u f f B r e c c i a J u v e n i l e F ra g sA n d e s i t i c T u f f B r e c c i a

F i n e L a m i n a t e d A s h T u f f s

F i n e L a m i n a t e d C r y s t a l T u f f s

D a c i t i c T u f f

P o ly m i c t i c B r e c c i a T u f f a c e o u s M x

Q F P T u f f a n d F l o w sQ F P D o m e

F i n e Q t z P h y r i c A s h T u f f s

M o n o m i c t i c B r e c c i a T u f fa c e o u s M x

Q u a r t z S a n d s t o n e s

M u d s t o n eC a r b o n a c e o u s M u d s t o n e

C h i c a m a

Upper

Jurassic

Lower

Cretaceous

Miocene

U n c o n f o r m i t y

LLN GEOLOGY


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C o a l

O v e r b u r d e nL a t e A n d e s i t i c T u f f a n d F lo w sL a t e A n d e s i t i c d o m e




F in e L a m i n a t e d A s h T u f f s

F in e L a m i n a t e d C r y s t a l T u f f s


P o ly m i c t i c B r e c c i a T u f fa c e o u s M x


F i ne Q t z P h y r i c A s h T u f f s




C h i c a m a

Upper

Jurassic

Lower

Cretaceous

Mioce

ne


LLN GEOLOGY


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C o a l

O v e r b u r d e nL a t e A n d e s i t i c T u f f a n d F l o w sL a t e A n d e s i t i c d o m e













C h i c a m a

Upper

Jurassic

Lower

Cretaceous

Mioce

ne


LLN GEOLOGY


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C o a l














C h i c a m a

Upper

Jurassic

Lower

Cretaceous

Mioce

ne


LLN GEOLOGY


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C o a l














C h i c a m a

Upper

Jurassic

Lower

Cretaceous

Mioce

ne


LLN GEOLOGY


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C o a l














C h i c a m a

Upper

Jurassic

Lower

Cretaceous

Mioce

ne


LLN GEOLOGY


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Above : Si l ica r ep lacem ent i n m uds ton es and s i l t st ones

Be low : Vugg y si l ica in t u f f u n i t s


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MI NERALI ZATI ON

OxideZo

ne

4000m

Sulfid

eZone

Mixed

Zone

500 - 1000250 - 500

125 - 25075 - 12550 - 7525 - 50

Grade Thickness Au (g/t x m)


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3700NW

4200NW

5200NW

SECTI ONS

4700NW

N


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Above left: Oxide matrix breccia Above right: Leached sandstone

Below left: Sulfide remnant Below right: Coarse sulfide in breccia


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RESERVE GROW TH

0

1

2

3

4

5

6

7

8

9

1 0

Q 1 - 2 0 0 1 Q 2 - 2 0 0 2 YE- 2 0 0 2 YE- 2 0 0 3 YE- 2 0 0 4

Contained

Ounces

(Moz)

Discovery drill hole

Initial ResourceEstimate

Initial ReserveEstimate


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PROEXPLO 2005May 24-27, LimaCONSTRUCTION CAMP (XI/2004)

CACTUS AND ORCHIDSCACTUS AND ORCHIDS


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TRANSPLANTTRANSPLANT

Alto Chicama Environment ProtectionAlto Chicama Environment Protection


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PROEXPLO 2005May 24-27, LimaFORESTRY NURSERIESFORESTRY NURSERIES


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PROEXPLO 2005May 24-27, LimaTHE TOP SOIL STRIPPINGTHE TOP SOIL STRIPPING

AND TRANSFER CONTROLAND TRANSFER CONTROL

Lagunas Nort e Proj ectLagunas Norte Proj ect


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Locat ed in nort h-cent ral Peru, about 175 k ilometersfrom the Pierina Mine

Oxide mineralizat ion sim ilar t o Pierina, w it h high-

grade gold sur face out croppings and good metallurgy

Open-pit , valley-f i l l crushing/ leaching operat ion

Lagunas Nort e discovery announced on Apr il 23, 2002Proven and probable gold reserves of 9.1 m ill ion

ounces

1,350 square k ilomet er land posit ion w it h goodexplorat ion potent ial w it hin a 15 kilometer radius of

Lagunas Nort e

Lagunas Nort e Proj ectLagunas Norte Proj ect


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Act ivit ies underw ay

The mine is mechanically complete

Commissioning of equipm ent & facilit ies start ed in early Apri l

2005

Over 400,000 t ons of material placed on t he leach pad

Manpower is 100% in place

Product ion expected to commence in m id-June 2005

Const ruct ion cost est imat e approx imat ely $340 mill ion

Gold product ion is expect ed t o average approximat ely

800,000 ounces per year at an average t otal cash costof about $155 per ounce for t he f irst t hree years


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Barrick RamonAraneda

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